All you need to know to get payroll giving working for your fundraising cause.
Payroll Giving is a scheme by HMRC that enables employees to give regular, tax-free donations through their pay to any UK charity. It’s a Win-Win! Employers benefit as they demonstrate their commitment to corporate social responsibility. Employees benefit by using a service that’s efficient and easy to opt into and out of. Payroll Giving is also the only form of giving that is automatically tax-efficient for higher rate taxpayers.
The good news is that the biggest beneficiary of this kind of charitable giving is the cause. Regular and bigger donations are hard to come by for small charities, and they’ll welcome this kind of scheme. Also, did you know that giving actually makes us healthier?
Before we get too excited though, there’s some work to do! As a nation we are sporadic in our charitable giving, and on the whole we don’t give as much as we would like to. Now you know this, you can grasp the nettle and convince your colleagues to put Payroll Giving on the agenda in the workplace!
How to make Payroll Giving work for your cause
Let’s take a look at the key things you need to know if you are thinking of signing up, trying to get others to, or asking your employer to start the scheme.
Convincing your employer to get involved.
Geared for Giving is a persuasive campaign to get more employers to offer Payroll Giving. Our guess at Fundraising Expert is that you probably won’t find reluctance, just a lack of knowledge on how to get the service set up. So we’ve made it easy for you to convince your boss!
Information for employers:
Information for charities
We’ve mentioned a few key points for charities already – the tax is reimbursed to you directly, even for higher rate tax payers, and employers can match donations. And this is regular giving – a nirvana that most causes dream of. Here are a few more things that may not have thought of as a charity:
Information for employees
If you aren’t feeling inclined to sign up yet, here are a few more reasons to go ahead, as well as ways to get others to follow your lead:
Now that you have all the information you need, we hope you will give and motivate others to do the same. This year the Payroll Giving scheme will be 30 years old. Join Payroll Givers’ Andrew, Taylor, Nina and many more in celebrating the more than £2billion raised so far, and become part of the movement!
We would love to hear how you get on! Tell us about your experiences of Payroll Giving on our Facebook page or Twitter profile!
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